NEEDHAM, Mass.—(BUSINESS WIRE)—January 16, 2008—
PTC (Nasdaq:
PMTC), The Product Development Company(R) today
announced that Pro/ENGINEER continues to gain momentum as the
parametric CAD/CAM/CAE solution of choice for small and medium
businesses (SMBs). SMBs continue to adopt Pro/ENGINEER for its
ease-of-use and the powerful capabilities that are required to compete
in an ever-changing business environment. As a result, the PTC
reseller channel continues to experience upward momentum. PTC reported
$195 million in total channel revenue in fiscal 2007, growing 14% from
the previous year and representing 21% of total PTC revenue.

"SMBs face the same complex product development challenges as
their larger global counterparts. To be successful in this
environment, SMBs must make well informed decisions about their
technology investments," said Matthew McGovern, director, vertical
market strategy, marketing, PTC. "SMBs must choose solutions that will
not only match their current corporate strategy and product
development needs but will also grow with them and help them to
achieve future strategy and business initiatives. PTC offers flexible
pricing and packaging for Pro/ENGINEER to help SMBs focus on their
business and product development objectives and not be disrupted by
having to change CAD solutions as they grow their businesses."

Big Dog Motorcycles, based in Wichita, Kansas, is the leading
manufacturer of custom, American V-twin motorcycles. Dissatisfied with
its previous CAD solution, the company wanted a single, comprehensive,
3D CAD solution that could handle the complexity of its product and
support its development of more innovative products in increasingly
shorter timeframes. To meet Big Dog Motorcycles' requirements for
complex surfacing capability and the handling of large assemblies,
Sequoia Etc, a PTC Platinum reseller, deployed Pro/ENGINEER
Interactive Surface Design (ISDX) and Pro/ENGINEER Advanced Assembly
(AAX). Using PTC Solutions has enabled Big Dog Motorcycles to decrease
design time for the first fuel tank by 70% using Pro/ENGINEER ISDX and
promote accurate vehicle-down design working from master models of the
entire bike. "With Pro/ENGINEER ISDX, we are able to go through
multiple iterations quickly. Pro/ENGINEER AAX automates our CAD model
assembly process, reducing errors by allowing all designers to work
from the same master model," said Marvin Bachman, new product
development manager, Big Dog. "Pro/ENGINEER is a powerful tool that
gives us scalability and enables a top-down design process all in one
solution."

Headquartered in Busan, Korea, Woo Shin Precision Co., Ltd, is a
leader in mold design and manufacturing technology for vehicle
engines. Woo Shin Precision needed to quickly implement a more
efficient and integrated 3D product development solution to speed its
mold assembly design process, reduce material costs and increase time
to market. The company enlisted the help of Digitek, an authorized PTC
reseller, to resolve these challenges. After careful consideration,
Woo Shin Precision deployed Pro/ENGINEER and Pro/ENGINEER AAX. As a
result, Woo Shin Precision has achieved significant benefits including
a 78% reduction in design time, a 33% reduction in processing of
engineering change orders, and 65% reduction in part development time.
The development team has also increased its ability to quickly respond
to changes in the design process resulting from increased demand and
quantity of engines being developed. "The seamless adoption of
Pro/ENGINEER for 3D CAD enabled the product development team to
quickly and easily propagate changes and reduce the time to complete
engineering change orders (ECOs)," said Song Seung Kun, Senior
Manager, Woo Shin Precision Co., Ltd. "As a result, we've streamlined
our development process enabling us to bring our innovative designs to
market faster which has increased our competitiveness."

Germany-based Deuta offers innovative individual and complete
solutions in speed, distance and position measurement and display
technologies and is widely recognized for its recording and train
safety solutions. To support its continuous growth objectives, Deuta
needed to streamline its product development process and improve
cross-functional data sharing and communication. Deuta worked with PTC
Platinum Partner INNEO and selected Pro/ENGINEER in conjunction with
Windchill(R), key components of PTC's integral product development
system to accomplish these objectives. Windchill PDMLink(R) allows the
simple capture of device variants and the inheritance of attributes,
even in conjunction with external service-providers. "Together,
Pro/ENGINEER and Windchill provide a complete solution that gives our
staff a central source of information which works reliably and
cleanly, even with external data. With this solution, we save time and
money by being able to produce variants of rail vehicle devices
quickly and productively," explains Ralph Jungels, R&D project
manager, Driver's Desk Solutions Group, Deuta. "This solution gives
our designers more scope for development, as our staff in production,
purchasing, and sales have access to all the Pro/ENGINEER models and
drawings. This means we can generate more products in a shorter space
of time."

About PTC Solutions for SMB

PTC solutions for the small and medium business (SMB) market are
designed to provide easy-to-use, yet scaleable 3D CAD/CAM/CAE
solutions for manufacturing companies at an affordable price. In
addition PTC provides dedicated product lifecycle management (PLM)
solutions for the unique product data management and collaboration
requirements to the midrange market. PTC currently serves over 35,000
SMB customers in 41 countries through more than 320 Value Added
Resellers (VARs).

About PTC

PTC (Nasdaq:
PMTC) provides leading product lifecycle management
(PLM), content management and dynamic publishing solutions to more
than 50,000 companies worldwide. PTC customers include the world's
most innovative companies in manufacturing, publishing, services,
government and life sciences industries. PTC is included in the S&P
Midcap 400 and Russell 2000 indices. For more information on PTC,
please visit
www.ptc.com

Statements in this news release that are not historical facts,
including statements about our confidence and strategies and our
expectations about revenue growth, results of operations, and market
acceptance of our products, are forward-looking statements that
involve risks and uncertainties that could cause actual results to
differ materially from those projected. Those risks and uncertainties
include the following. The continued growth in PTC's reseller channel;
the ability of PTC to successfully partner and effectively coordinate
and manage joint activities (including sales, marketing, development,
implementation and support) with third parties in order to efficiently
and cost effectively deliver products and services that meet the
functional and price point requirements of small and medium
businesses; the successful development and integration of the
technology necessary to offer an integrated, flexible and scalable
product development system that is able to adequately respond to the
evolving requirements of both large and small customers in multiple
vertical industries; as well as other risks and uncertainties detailed
from time to time in reports filed by PTC with the Securities and
Exchange Commission, including the Company's most recent reports on
Form 10-K and 10-Q. Anecdotal information concerning the benefits of
PTC solutions is based upon a particular user's experience, is
furnished for informational use only and is subject to change without
notice, and should not be construed as a guarantee or commitment by
PTC.

PTC and its logo, The Product Development Company, Pro/ENGINEER,
Wildfire, Windchill, Windchill PDMLink and all PTC product names and
logos are trademarks or registered trademarks of Parametric Technology
Corporation or its subsidiaries in the United States and in other
countries.
Contact: